What is Motor Vehicle and Car Finance?

We have many years of experience in financing vehicles and have a detailed understanding of the issues facing the industry.

We have many years of experience in financing vehicles and have a detailed understanding of the issues facing the industry.Weaim to assist in creating financing solutions that are tailored to meet the specific needs of the sector, whether you are a large-scale operator or a sole trader.

Motor Vehicle and Car Finance

Vehicle finance is available for most types of transport and our dedicated specialists will work with you to find a funding arrangement that suits your specific needs.

Types of Vehicles
Vehicle Finance Requirements
  • You or your business is looking for 50k+ trade finance
  • You want to purchase products/ buyers
  • You are creditworthy
How the transaction works

If you want to buy stock and trade internationally, the exporter would typically want to be paid up front by theimporter. The bank would issue aLetter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Motor Vehicle and Car Finance?

The SIC Code is 29100 (Manufacture of motor vehicles)

Other SIC Codes that could also be used are:

  • 45111 Sale of newcarsand light motor vehicles
  • 45112 Sale of used cars and light motor vehicles
  • 45190 Sale of other motor vehicles
  • 45200 Maintenance and repair of motor vehicles
  • 45310Wholesale tradeof motor vehicle parts and accessories
  • 45320 Retail trade of motor vehicle parts and accessories
  • 45400 Sale, maintenance and repair of motorcycles and related parts and accessories

Lois Reilly

2 Blog posts

Comments